On Tuesday, in the course of current trade, Shares of AK Steel Holding Corporation (NYSE:AKS), gained 4.43%, and is now trading at $5.78.
On May 8, AK Steel, said that members of the United Auto Workers (UAW), Local 4104, have ratified a new four-year labor agreement covering about 140 hourly production and maintenance employees at the company’s Zanesville (OH) Works. AK Steel said that UAW officials notified the company that the new contract was ratified in voting held on May 7, 2015 in Zanesville.
“We are happy to have reached a new labor agreement at our Zanesville Works ahead of the expiration date,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “The new agreement continues to provide a competitive and flexible labor contract for AK Steel and our Zanesville employees.”
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
During an Afternoon trade, Shares of Infosys Ltd. (NYSE:INFY), dipped -2.14%, and is now trading at $30.63.
On April 30, Infosys Limited, declared the launch of the Finacle Youth Banking solution, a first-of-its-kind mobile-based banking solution for young people. The digital banking solution, specially designed for young customers between the ages of 12 to 18, is aimed at making banking a fun experience, while giving them a sense of financial responsibility.
Highlights:
- This solution will give banks an opportunity to expand their millennial customer base, that is largely unbanked
- The features of the Finacle Youth Banking Solution are easy-to-use. Three simple steps - registration, collection of Know Your Customer (KYC) documents, and setting transaction limits are required to complete customer onboarding
- Interactive features comprise ‘aims administration’ for savings, ‘do transactions’ for payments, funds transfers and online shopping, and gamification for infotainment
- While the account holders will have the freedom to operate the account, transactions beyond preset limits will have to be approved by the guardian before completion
- Banks can deploy the solution seamlessly with Finacle suite of products or any other third-party or in-house developed applications.
Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Its solutions comprise business IT services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), during its Tuesday’s current trading session fell -1.50%, and is now trading at $12.
Brocade Communications Systems, plans to report its financial results for its second fiscal quarter 2015 on Thursday, May 21, following the close of the market. The earnings declarement in addition to the prepared materials for the related conference call will be accessible shortly after 1:00 p.m. PT (4:00 p.m. ET) at www.brcd.com and will be furnished to the SEC on Form 8-K.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
Finally, TD Ameritrade Holding Corporation (NYSE:AMTD), lost -0.78% Tuesday.
TD Ameritrade, declared company metrics for April 2015.
Monthly activities for April 2015 comprised of:
- An average of 457,000 client trades per day in April 2015, up 2 percent from April 2014 and up 1 percent from March 2015.
- $704.5 billion in total client assets as of Apr. 30, 2015, up 14 percent from April 2014 and up 1 percent from March 2015.
- Average spread-based balances of $94.8 billion, up 4 percent from April 2014 and essentially flat from March 2015.
- Average fee-based balances of $160.6 billion, up 18 percent from April 2014 and up 2 percent from March 2015.
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services comprise tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for trading; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices.
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